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Crypto.com Cuts 20% of Staff in Latest Retrenchment by a Top Crypto Exchange in Fight for Survival
13.1.2023
Crypto.com has announced that it will cut 20% of its staff, citing macroeconomic headwinds and the collapse of rival exchange FTX as its reasons.
“While we continue to perform well, growing to more than 70 million users worldwide and maintaining a strong balance sheet, we’ve had to navigate...
Nexo hit by Withdrawals Tsunami After Bulgaria Raid Office to Investigate Alleged Money Laundering
13.1.2023
The major crypto lender Nexo has been hit by a tsunami of customer withdrawals after the company’s office in Bulgaria was raided by police.
The raid at Nexo’s Sofia, Bulgaria office happened on Thursday at more than 15 sites across Sofia, Reuters reported. It added that more than...
Update Lets Digital Yuan Users Pay with Mobiles – Even When Their Battery’s Flat
13.1.2023
Another update to China’s digital yuan app is allowing users in pilot zones to pay using their cell phone – even if their devices have run out of battery or have no mobile signal.
Per Shanghai Securties News, Android users can now toggle a function that lets them “pay without network and/or...
Subsquid partners with Aleph Zero to focus on data tooling and WASM
13.1.2023
Subsquid has published an official blog post to announce its partnership with Aleph Zero, with a core focus on data tooling and WASM. Subsquid has previously provided indexing support to its community of builders. The recently announced partnership merely takes that forward to collaborate with...
Genesis Owes Its Creditors $3 Billion - Is That too Much for DCG to Swallow? Barry Silbert Breaks Silence on Twitter
13.1.2023
Digital Currency Group's crypto brokerage firm Genesis owes over $3 billion to creditors, pressing the crypto conglomerate to consider selling assets in its large venture portfolio to raise money.
According to a report by the Financial Times, DCG, the parent company of Genesis, plans to raise...
Head of S Korea’s V Global Crypto Exchange Will Serve 25 Years in Jail for $2.3bn Fraud
13.1.2023
The CEO of a bogus South Korean crypto exchange that tricked some 50,000 customers out of a total of $2.3 billion will spend the next 25 years behind bars – after the Supreme Court found him guilty of fraud.
Yonhap reported that the Supreme Court dismissed an appeal from the CEO of the V Global...
Papyrus: a new open-source full node for StarkNet newly launched by StarkWare
13.1.2023
StarkWare happens to be extremely pleased and takes great pride in making their official announcement of having released their new open-source full node, Papyrus. This will now be functional in carrying out enhancement where the network’s functionalities and decentralization is concerned. Being...
Hong Kong is Setting Up a Shortlist of Tokens Retail Can Trade - Which Coins Will Make the List
12.1.2023
Hong Kong’s financial regulator is expected to create a dedicated whitelist of tokens that retail users will be allowed to trade.
The new token whitelist was proposed on Wednesday by Julia Leung, the CEO of Hong Kong’s Securities and Futures Commission (SFC) during a panel discussion in Hong Kong....
Bankman-Fried Continues to Blame Binance for the Collapse of His Crypto Empire
12.1.2023
Former FTX CEO Sam Bankman-Fried has released an extensive Substack article talking about how his crypto empire collapsed, once again putting the blame on rival crypto exchange Binance. ...
Read More: Bankman-Fried Continues to Blame Binance for the Collapse of His Crypto Empire
DCG Said to be in Talks with Creditors - Will Gemini Crypto Depositors Get Their Money Back?
12.1.2023
Barry Silbert’s crypto conglomerate Digital Currency Group (DCG) is “actively engaged” in talks with creditors, according to a little-known crypto exchange....
Read More: DCG Said to be in Talks with Creditors - Will Gemini Crypto Depositors Get Their Money Back?
South Korean Software Giant AhnLab Unveils Crypto Wallet
12.1.2023
The South Korean software giant AhnLab has released a crypto wallet – becoming the latest in a long line of the country’s IT players to move into the space.
Per iNews24, AhnLab, the largest computer security company in South Korea and the brainchild of the tech entrepreneur and presidential...
Iceberg Capital Teams Up With Venom to Create $1 Billion Blockchain Fund
12.1.2023
Abu Dhabi-based blockchain platform Venom Foundation and investment manager Iceberg Capital revealed a $1 billion venture fund focused on blockchain and Web3 companies.
The news was shared on Twitter by the foundation on Wednesday. ...
Read More: Iceberg Capital Teams Up With Venom to Create...
Ondo brings US treasuries & Institutional-Grade Bonds On-Chain
12.1.2023
Ondo Finance recently announced tokenized US treasuries and bonds on Twitter. The latest tweets by Nathan Allman talk about helping stablecoin users invest in US Treasuries. The platform will facilitate it through a bankruptcy-remote, daily liquid, tokenized fund through licensed service providers....
FTX Says it Has Secured Assets Worth $5 Billion in First Ray of Light for Creditors
12.1.2023
Bankrupt crypto exchange FTX has recovered over $5 billion in cash and liquid assets that may be used to repay creditors, a lawyer of the platform has said during a bankruptcy court hearing.
On Wednesday, FTX attorney Andrew G. Dietderich said in federal court in Wilmington, Delaware that they...
WazirX Releases Proof of Reserves, Around 20% of Holdings are in Shiba Inu
11.1.2023
Indian crypto exchange WazirX has released its Proof of Reserves (PoR), sharing wallet addresses and digital asset holdings. Notably, Shiba Inu accounts for the largest proportion of assets on the exchange as over 19% of its holdings are in the form of the meme coin....
Read More: WazirX Releases...
Did Sam Bankman-Fried in Effect Pay VC Firms Like Paradigm to Invest in FTX in a Circular Funding Arrangement?
11.1.2023
New revelations indicate that there were some close links between Sam Bankman-Fried, the disgraced founder of collapsed cryptocurrency exchange FTX, and some of his major backers.
According to a new report by the Financial Times, Bankman-Fried invested $20 million in a fund managed by crypto...
Astar Network launches XVM as the 1st milestone of their 2023 checklist
11.1.2023
Astar Network happens to have successfully carried out the launching of their Cross-Virtual Machine (XVM) and effectively positioned it on the Shibuya testnet. The XVM, in its turn, will provide interoperability between the Ethereum Virtual machine and the WebAssembly smart contract environments....
ConsenSys announces an exclusive launch of zkEVM Private Beta
11.1.2023
ConsenSys recently announced the launch of its zkEVM private beta. The news came through Twitter, where ConsenSys talked about opening the beta only for selected users. The roll-up capitalizes on years of research conducted by ConsenSys, offering complete EVM compatibility. It allows developers...
Cameron Winklevoss Calls for DCG Board to Sack Barry Silbert
11.1.2023
Cameron Winklevoss, co-founder of cryptocurrency exchange Gemini, has written an open letter to the Digital Currency Board (DCG) board, asking for the removal of the venture capital firm's CEO Barry Silbert....
Read More: Cameron Winklevoss Calls for DCG Board to Sack Barry Silbert
Keystone partners with Keplr & enhance user security
11.1.2023
Keystone published an official blog post to announce its integration with Kelpr, a wallet software in the Cosmos ecosystem. The integration is essential to achieve the objective of providing an added layer of security to the users in the ecosystem. Moreover, the collaboration will provide...